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Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segments

 

As of and for the Three Months
Ended March 31,

 

 

2025

 

 

2024

 

 

(In Thousands)

 

Interest income

 

$

59,530

 

 

$

55,783

 

Reconciliation of revenue

 

 

 

 

 

 

Other revenues

 

 

7,579

 

 

 

6,757

 

Total consolidated revenues

 

 

67,109

 

 

 

62,540

 

Less: interest expense

 

 

26,272

 

 

 

26,272

 

Segment net interest and non-interest income

 

 

40,837

 

 

 

36,268

 

Less:

 

 

 

 

 

 

Provision for credit losses

 

 

2,659

 

 

 

2,326

 

Compensation expense

 

 

16,747

 

 

 

16,157

 

Other segment items

 

 

7,972

 

 

 

7,185

 

Income tax expense

 

 

2,288

 

 

 

1,752

 

Segment and consolidated net income

 

$

11,171

 

 

$

8,848

 

 

 

 

 

 

 

 

Other segment disclosures:

 

 

 

 

 

 

Interest income

 

$

59,530

 

 

$

55,783

 

Interest expense

 

 

26,272

 

 

 

26,272

 

Depreciation, amortization, and accretion

 

 

871

 

 

 

791

 

Other significant noncash item:

 

 

 

 

 

 

      Provision for credit losses

 

 

2,659

 

 

 

2,326

 

Segment assets

 

 

3,944,879

 

 

 

3,853,215

 

Expenses for segment assets

 

 

24,719

 

 

 

23,342

 

 

 

 

 

 

 

 

Reconciliation of assets:

 

 

 

 

 

 

Total assets for reportable segments

 

$

3,944,879

 

 

$

3,853,215

 

Other assets

 

 

 

 

 

 

Total consolidated assets

 

$

3,944,879

 

 

$

3,853,215